November 2013 – May 2014 results show that the top 5 brands have held their places as the parts most searched for during this period. Caterpillar, Komatsu, Volvo, JCB and Hitachi maintained their order from the previous 6 months. However Case took over the the next position which was previously held by John Deer.
Closer analyses illustrates the exact types of machines for which people have been searching for parts. Not much movement in the types of machines since our last report with excavators accounting for the the largest portion.
All Requests can be viewed on the website with more information of the type of parts people are searching for. Requests vary enormously including hydraulic pumps, engines, axles, final drives, cylinders, transmissions, gaskets, injectors and much more.
We have been made aware of a particularly nasty scam that everybody dealing across international borders should be aware of. Somebody hacked into their Yahoo email account and saw that they had agreed to purchase a machine. After the vendor emailed the invoice they copied the invoice, changed the bank details and then contacted the buyer saying that the account number had changed. Had the purchaser looked closely they would have noticed that the email address was not the correct email address rather the firstname.lastname@example.org. The purchaser then made a bank transfer into the fake account thinking it belonged to the supplier. Luckily on this occasion the customer was able to intervene with the Police and got their funds returned, but others might not be so lucky.
We have come up with some helpful tips to help avoid becoming the victim of a scam whether you are buying or selling machinery or parts:
Sales of Construction equipment is the area of the industry that is showing the most growth. The VDMA, Germany’s association for construction equipment and building material machinery, said that its prediction for a poor beginning to the year leading into a slow increase over the rest of the year appeared to be accurate. Although some of the positive figures to date were largely due to special projects they are still confident that growth predictions will be realized.
The German construction equipment and building material machinery industry made €12.5 billion in turnover in 2012. Of this, €7.9 billion was on construction equipment and €4.6 billion on building material, glass and ceramics machinery.
With such encouraging sales figures of construction equipment and heavy machinery the parts industries will benefit from the knock on effects.
The increase in demand for aftermarket parts is continuing to grow. Long established in the car market this growing trend has been mirrored in the construction equipment market.
Some of the world’s largest construction equipment users such as CRH, UBE, Lafarge, Cemex etc who traditionally only used OEM parts are now benefiting from the huge savings to be made from purchasing aftermarket parts. With the construction equipment parts market set to exceed $23 billion USD this year, increasing to $27bn USD in 2018, there is plenty of room for OEM, Aftermarket and Used Parts to help these multinationals reduce their running costs.
Parliament was presented with the announcement of the additional spend ranging across a broad spectrum of areas yesterday. Transport projects including power plants and a commitment to the £43bn HS2 line are the main project in the infrastructure program. The Chancellor said “We’re announcing the largest program of investment in our roads for half a century… we’re committing to the largest investment in our railways since the Victorian age.”
The funds will be rolled out across a combination of existing and new projects with a strong focus on road and rail. Other projects include broadband, next generation mobile networks, housing, flood defenses and science. This announcement provides much needed encouragement to the construction industry which has seen a decline in recent years.
At the heavy equipment auction Ritchie Bros in Hartford, CT, USA yesterday there was a lot of older Cat equipment still making high prices. This confirms what is obvious from recent UrParts.comparts requests that due to the continued recession in the construction market many operators are choosing to purchase older machines and keep them running with cheaper spare parts than finance the purchase of younger equipment. This trend is also due in part to the increase of electronic control in construction equipment produced post year 2000. An increasing amount of owners regret purchasing newer equipment as it requires at lot of additional costs when getting the main dealer out to diagnose simple electronic faults that cannot be found or repaired without difficult to obtain hardware and software.
We are delighted to announce that UrParts.com were Gold Prize Winner for the Export Company of the Year at the Vodafone sponsored Startup Awards 2013. Not only were we recognized as the best in this category but we also scooped Silver Prize for the Digital/Online and Silver Prize for Women in Business. We are delighted to accept this hat trick of awards in recognition of all our success to date.
UrParts.com is fast becoming the first port of call for anyone in need of parts for Construction and Agricultural machines from Bulldozers, Off Road Trucks and Excavators to Wheel Loaders, Tractors, Backhoes even Crushers and Screens.
JCB has invested £45 million in the development of a new 6 cylinder diesel engine the Dieselmax 671. The engine is the result of 2 years of development and has already gone through field testing of over 50,000 hours. The company say that this is a natural progression from the 4 cylinder units it has been manufacturing to date and will provide customers with significant fuel consumption saving of up to 8% over previous engines. It will initially be available as a Tier 2, Stage 2 units in markets with less regulation such as Russia, Brazil and China for its JS excavator range. It will be available in 4 ratings – 140kW (188 hp), 165 kW (221 hp), 190 kW (255 hp) and 225 kW (302 hp) with a maximum torque of 1,200 Nm.
Over 70% of all JCB machines are now powered by engines that they manufacture themselves with this latest models becoming available in mid 2015.